AMC Entertainment Holdings (AMC) Earning Somewhat Positive Press Coverage, Analysis Finds

Media stories about AMC Entertainment Holdings (NYSE:AMC) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AMC Entertainment Holdings earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.5022662483699 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

AMC Entertainment Holdings (NYSE AMC) opened at 16.95 on Friday. AMC Entertainment Holdings has a 12 month low of $12.05 and a 12 month high of $35.65. The stock’s 50 day moving average is $14.70 and its 200-day moving average is $23.68. The company’s market capitalization is $2.22 billion.

AMC Entertainment Holdings (NYSE:AMC) last posted its quarterly earnings data on Friday, August 4th. The company reported ($1.35) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($1.41). AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 57.3% compared to the same quarter last year. On average, analysts expect that AMC Entertainment Holdings will post ($1.02) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Monday, September 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Friday, September 8th. AMC Entertainment Holdings’s dividend payout ratio is currently -125.00%.

AMC Entertainment Holdings announced that its board has approved a share buyback plan on Thursday, August 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 58% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $32.50 price objective (down from $42.50) on shares of AMC Entertainment Holdings in a research note on Monday, July 31st. William Blair assumed coverage on shares of AMC Entertainment Holdings in a research note on Friday, July 21st. They issued a “market perform” rating on the stock. Zacks Investment Research raised shares of AMC Entertainment Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Credit Suisse Group reduced their price objective on shares of AMC Entertainment Holdings from $26.00 to $20.00 and set an “underperform” rating on the stock in a research note on Friday, June 23rd. Finally, ValuEngine cut shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.76.

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In related news, CEO Adam M. Aron bought 35,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average cost of $15.79 per share, with a total value of $552,650.00. Following the completion of the purchase, the chief executive officer now directly owns 125,426 shares in the company, valued at $1,980,476.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack Qunyao Gao bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of $12.50 per share, for a total transaction of $250,000.00. Following the completion of the purchase, the director now owns 30,500 shares of the company’s stock, valued at $381,250. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 62,000 shares of company stock worth $896,940. Insiders own 0.80% of the company’s stock.

About AMC Entertainment Holdings

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Insider Buying and Selling by Quarter for AMC Entertainment Holdings (NYSE:AMC)

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